In a statement released to Decider this afternoon, the Academy condemned Weinstein’s actions and announced that they would be holding an emergency board meeting to deliberate on Weinstein’s future with the organization:

“The Academy finds the conduct described in the allegations against Harvey Weinstein to be repugnant, abhorrent, and antithetical to the high standards of the Academy and the creative community it represents. The Board of Governors will be holding a special meeting on Saturday, October 14, to discuss the allegations against Weinstein and any actions warranted by the Academy.”

At this rate, it seems like it should be almost certain that Weinstein will lose his membership, but it’s worth noting that Roman Polanski, who pled guilty to statutory rape (and fled the United States before he could be sentenced), is still a member of the Academy – and has held onto all of his awards. The fate of Weinstein’s single Oscar remains to be seen.